Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 10,646,301 $ 2,472,187
Accounts receivable, net 3,157,555 2,935,025
Other receivables 5,469,011 427,241
Escrowed cash receivable 0 3,752,390
Inventory, net 1,110,780 382,153
Prepaid expenses and other current assets 1,529,516 703,225
Restricted cash, current portion 18,730 1,959
Total current assets 21,931,893 10,674,180
Property and equipment, net 586,512 44,612
Intangibles assets, net 31,239,468 17,664,480
Goodwill 16,411,123 14,292,282
Restricted cash, net of current portion 81,725 131,353
Total assets 70,250,721 42,806,907
Current liabilities:    
Accounts payable 1,446,141 1,298,980
Accrued expenses and other current liabilities 19,731,373 7,531,122
Income taxes payable 2,032,258 2,259,148
Long-term debt, current portion 1,050,000 0
Contingent consideration, current portion 1,956,807 0
Total current liabilities 26,216,579 11,089,250
Long term debt, net of current portion 14,327,882 0
Contingent consideration, net of current portion 7,093,757 2,576,633
Deferred tax liability, net 69,238 7,144
License obligations 1,250,000 1,250,000
Other long-term liabilities 385,517 24,272
Total liabilities 49,342,973 14,947,299
Stockholders’ equity:    
Common Stock—$0.001 par value; 200,000,000 shares authorized at December 31, 2018 and 2017; 40,804,189 and 31,266,989 shares issued and outstanding at December 31, 2018 and 2017, respectively 40,804 31,268
Preferred Stock—$0.001 par value; 5,000,000 shares authorized at December 31, 2018 and 2017; 2,857,143 and zero shares issued and outstanding at December 31, 2018 and 2017, respectively 2,857 0
Additional paid-in capital 119,082,157 83,338,136
Contingently issuable shares 0 2,655,464
Accumulated deficit (98,218,070) (58,165,260)
Total stockholders’ equity 20,907,748 27,859,608
Total liabilities and stockholders’ equity $ 70,250,721 $ 42,806,907